The initial long-term LNG SPA was signed in 2008, with an annual contract volume of 1 million tpy for a period of 15 years. 

“We are delighted to strengthen our partnership with CNOOC to expand our presence in the Chinese LNG market, which grew by 50% over the first half of 2018 and will continue to drive the increase of LNG demand over the next decade,” commented Philippe Sauquet, President Gas, Renewables and Power.